RE:RE:RE:Receives AUD$2,276,680 (gross)/AUD$1,593,676 (net)
rad10 wrote: Need to work out what Santos will be paying in royalties too though. I might put a call in.
Good call on mentioning Santos.
I've never really seen a statement released on Santos, nor have I looked for one or noticed mention of it when I've skimmed our financials but I've also never cared much. Numbers I've played with always have seemed to work out when it comes down to the draw down on cash so I've ignored looking beyond the Beach announcement's which might be a mistake or maybe the Santos contributions to this point may have been too small to affect the numbers I've run.
I just looked up the Santos websites and skimmed thier finacial releases, I see some taxable royalties paid number and they seem rather in-depth with thier reports, but I didn't notice us mentioned or a breakdown of the royalties paid, I did see they have several projects in various parts of Australia. I see a 6 month number of paying 28 million on 'Royalty and excise paid', 114 million in 'Royalty related taxes paid' and 9 million in 'overriding royalty'. I'm not fully aware of all those terms and thier breakdowns as usually I just see on an expense list 'Royalties - (XXX) mil'.
It seems they had a big or record year, and see well information on the Cooper Basin including exploration wells and producing wells which should be what involves us, those numbers are pretty even 2021 to 2020 in thier comparison but doesn't really give me much in relation to how much it affects us.
I also think I seen Santos raised thier dividend something like 126% but even there I seen some currency wording I didn't fully grasp as they convert the numbers to US$
If you get an answer or someone can point out a breakdown of what we are/have received from Santos, please share.